VIPUL KHANDHAR

GST WEEKLY UPDATE : 19/2022-23 (07.08.2022) E-Invoicing: E-invoicing is made applicable w.e.f  01.10.2022 for the registered person having aggregate turnover of Rs.10 crore and above only vide Notification No. 17/2022–Central Tax dated 01.08.2022. E-invoicing provisions are applicable when the stated aggregate turnover threshold limits crosses in any of previous financial year(s) starting from FY 2017-18. Thus, aggregate …

Latest GST News, Information, Notifications & Announcements [Period 01/08/22 to 08/08/22] Read More »

GSTN issued advisory on Upcoming Changes in Table 4 of Form GSTR-3B: The taxpayers to report information on ITC correctly availed, reversal thereof and declaring ineligible ITC in Table 4 of GSTR-3B: The notified changes in Table 4 of GSTR-3B are being implemented on the GST Portal and will be available shortly. Until these changes …

Latest GST News, Information, Notifications & Announcements [Period 18/07/22 to 24/07/22] Read More »

GST WEEKLY UPDATE : 14/2022-23 (03.07.2022) GST New Rate & Changes will come into effect from 18th July 2022 subject to CBIC Notification: Description of goods or services Old Rate New Rate Solar water heaters and systems 5% 12% Prepared or finished leather or chamois leather or composition leathers 5% 12% Job work for processing …

Latest GST News, Information, Notifications & Announcements [Period 27/06/22 to 03/07/22] Read More »

GSTN issued advisory w.r.t. availing ITC as per law and GSTR-2B: The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated June 18, 2022 regarding availing Input Tax Credit (“ITC”) as per law and GSTR-2B. For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR-2B which has since been …

Latest GST News, Information, Notifications & Announcements [Period 13/06/22 to 19/06/22] Read More »

CBIC extends Due Date for filing GST PMT-06: The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing of GST PMT-06 till 27th May 2022. 2.   CBIC extends Due Date for filing of GSTR-3B:        Due the technical glitches in the Goods and Services Tax Network (GSTN), the Central …

Latest GST News, Information, Notifications & Announcements [Period 16/05/22 to 22/05/22] Read More »

GSTN Clarification On Incomplete GSTR-2B of April-2022: Regarding the incomplete GSTR-2B of April-2022, the GSTN clarified the following: It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in GSTR-2A of such recipients. The technical team …

Latest GST News, Information, Notifications & Announcements [Period 09/05/22 to 15/05/22] Read More »

1. The Goods and Services Tax Network (GSTN) has issued an advisory to the composition taxpayers under the GST regime.: • Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while return in Form GSTR-4 is required to be filed on annual basis after end of a …

Latest GST News, Information, Notifications & Announcements [Period 25/04/22 to 01/05/22] Read More »

Government (CBIC) has issued detailed guidelines for Return Scrutiny under GST for FY 2017-18 and 2018-19: Such scrutiny of Returns would be in time bound manner. Some indicative list of parameters for scrutiny have been given in the guidelines as below:• Difference in Tax Liability between GSTR-1 and GSTR-3B.• RCM liability to be compared with …

Latest GST News, Information, Notifications & Announcements [Period 21/03/22 to 27/03/22] Read More »

GSTN enabled feature to withdraw GST registration cancellation application: The Goods and Services Tax Network (GSTN) has enabled the feature to withdraw application for cancellation of GST registration on the GST portal. If the application for cancellation of GST registration is made by mistake and the applicant wishes to withdraw the application, then that may …

Latest GST News, Information, Notifications & Announcements [Period 14/02/22 to 20/02/22] Read More »

GST WEEKLY UPDATE : 45/2021-22 (06.02.2022) Budget amendment in GST & excise & Custom tax: GST: Now ITC can be availed as per GSTR-2B: ITC u/s 16(2)- ITC can be availed only if the same is not restricted under Section 38 – as per the details communicated to the purchaser in GSTR-2B. Now after the …

Latest GST News, Information, Notifications & Announcements [Period 31/01/22 to 06/02/22] Read More »

GSTN enables New Functionality of Interest Calculator in GSTR-3B on GST Portal: This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, along with the details about the period to which it pertains. …

Latest GST News, Information, Notifications & Announcements [Period 24/01/22 to 30/01/22] Read More »

1.GST portal show you E-mail & Cell phone number of jurisdictional Central and State GST officers: Check it out through the steps given below: 1. Login and go to Services ➜ Ledger ➜ Negative liability statement (don’t skip this)2.   Now go to Services ➜ User Services ➜ Contacts 2.       GST Scrutiny Guidelines Given By The Mahagst: The Maharashtra Government has issued Guidelines with respect to scrutiny …

Latest GST News, Information, Notifications & Announcements [Period 17/01/22 to 23/01/22] Read More »